Starboard Value’s AOL INC COMMON STOCK AOL Stock Holding History

Starboard Value’s Portfolio AOL Stock Details AOL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-225,000	Closed	-$10.4M	–	33
2014 Q4	$10.4M	Sell	225,000 -1,693,000	-88%	-$74.5M	0.24%	27
2014 Q3	$86.2M	Buy	+1,918,000	New	+$80M	2.99%	8

Other funds holding AOL

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

IAM

Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

CRM

Cramer Rosenthal McGlynn Stamford, Connecticut $1.36B AUM 31.72% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Starboard Value's AOL Position: Q1 2015 in Review

Starboard Value sold out of AOL INC COMMON STOCK (AOL) in Q1 2015, closing a stake of 225,000 shares — an estimated $10.4M sold.

Starboard Value first reported a position in AOL in Q3 2014 and held it in 2 quarters. The position peaked at $86.2M in Q3 2014. 329 funds tracked by Wall St. Rank hold AOL as of Q1 2015.

Starboard Value reported no remaining AOL INC COMMON STOCK position as of Q1 2015 after selling out during the quarter.
Starboard Value sold 225,000 AOL INC COMMON STOCK shares in Q1 2015, an estimated $10.4M.
Starboard Value first reported a position in AOL INC COMMON STOCK in Q3 2014 and held it in 2 quarters.
Starboard Value's AOL INC COMMON STOCK position peaked at $86.2M in Q3 2014.
329 funds tracked by Wall St. Rank held AOL INC COMMON STOCK as of Q1 2015.

Based on Starboard Value's 13F filing for Q1 2015, filed 15 May 2015.